K Road Power Acquires 25-Megawatt McHenry Solar Project From SunPower
K Road Power Holdings and SunPower Corp. (NASDAQ: SPWR) announced today that K Road has acquired the 25-megawatt McHenry Solar Project that SunPower designed and is currently constructing in Modesto, Calif. The project is creating up to 144 construction jobs and injecting approximately $18.7 million into the local economy during construction. SunPower will provide operations and maintenance services when the project begins commercial operation in September.
The solar power generated by the project's solar photovoltaic (PV) technology will be sold to the Modesto Irrigation District under a 25-year power purchase agreement, helping the utility achieve California's 33 percent renewable portfolio standard. It will generate the equivalent amount of power for approximately 6,000 homes.
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